The results of Maharashtra and Jharkhand assembly elections are to be declared today i.e. on 23rd November. Even before the election results, gold prices have touched the high of last 2 weeks. However, the real reason for the rise in prices is Russia increasing the pace of its attack on Ukraine. Recently, Russia attacked Ukraine with a very dangerous missile, after which the gold rate started increasing.
10 grams of gold is available for this much rupees
There was a sharp rise in the prices of gold and silver in the Indian bullion market on Friday. According to All India Bullion Association, gold prices reached the highest level in two weeks due to buying by jewelers and retailers during the wedding season. On Friday, gold closed at Rs 84,400 per 10 grams with an increase of Rs 1,100 in Delhi bullion market. Earlier, on Thursday, gold had closed at Rs 79,300 per 10 grams.
Silver prices also improved
Improvement was also seen in silver prices. Silver closed at Rs 93,300 per kg with an increase of Rs 300. In the last season it was Rs 93,000 per kg. At the same time, the price of gold of 99.5% purity also increased by Rs 1,100 to Rs 80,000 per 10 grams. This increase in the price of gold has been recorded for the second consecutive day. Jatin Trivedi, VP and Research Analyst, LKP Securities, said that gold is regaining its lost position and the bullish trend in the market continues. The global commodity market also showed a bullish trend. Gold futures rose by $36 and stood at $2,735.30 an ounce. In the Asian market, the price of silver increased by 1.42% to $ 31.83 an ounce.
You can check the rate of your city sitting at home
It has now become easier to know the price of gold. You can know the retail price of gold by giving a missed call on 8955664433 from your mobile. After this, information about latest rates will be sent to your phone through SMS. Note that IBJA does not release rates on Saturdays, Sundays and government holidays. This rise in gold and silver prices amid the wedding season and increase in global demand has become a topic of discussion for investors and buyers.
